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Posts Tagged ‘Joe Biden’

In this installment of the White House White Board series, Vice President Biden takes the pen and discusses the importance of transportation infrastructure investment in America. Learn more at http://www.whitehouse.gov/rebuild-america

“With all of the evidence indicating that HSR is an exceptionally costly and inefficient means of travel that only a few passengers choose to use, it is difficult to explain the obsession of some, including the President and members of his Cabinet, with this mode of travel. In part, this obsession seems to have little to do with travel per se, but rather with the quality of the travel experience.”
-Ronald Utt, The Heritage Foundation

Vice President Joe Biden announced today a plan to spend $53 billion over the next six years on passenger high-speed rail projects that will help reach the goal of giving 80 percent of Americans access to high-speed rail within 25 years. According to the announcement, the proposal will place high-speed rail “on equal footing with other surface transportation programs.” The initiative includes $8 billion in the President’s FY 2012 budget proposal, of which $4 billion will be focused on building new infrastructure and $4 billion will be dedicated to system preservation and renewal. The announcement makes no mention how the plan will be paid for.

OFFICE OF THE VICE PRESIDENT OF THE UNITED STATES
Within the reinvestment spending of the Recovery Act, over $100 billion is invested in innovative and transformative programs. This report explores four areas within those innovative programs in which game-changing breakthroughs are being sought, and in some cases, new American industries are being born.

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